Anyone looking for a reputable credit broker on the Internet will immediately come across Good Credit. This is not a wonder. The Swiss financial services provider has been one of the market leaders in its industry for years. Hardly any other credit broker should have as many successful loan brokers as Good Credit.
The company has been in the market for a long time, according to its own information, 40 years. The market experience and the good contacts to about 20 partner banks pay off for the financial service provider’s customers through favorable loan terms.
Originally, the name Good Credit was mainly associated with the brokering of so-called Swiss loans without a Credit Checker.
In the meantime, however, the realization has prevailed that the company generally provides loans on very favorable terms.
The start page is clearly arranged and offers the essential key figures for the installment loan at a glance. However, there is a restriction: you can only find information about interest rates when you scroll down the page. Then you will find the effective entry interest rate of 4.9% (as of October 2015).
And much further down in the footer, the information is listed according to the consumer directive (as of May 2017): Borrowing rate of 3.83% – 15.49% (depending on creditworthiness) fixed for the entire term, effective annual interest rate: 15.90% – 15.99%, net loan amount: 1,000 – 300,000 Dollars, contract term: 12 – 120 months.
Representative example: borrowing rate fixed at 7.98% for the entire term, effective annual interest rate: 8.29%, net loan amount: USD 10,000, contract term: 72 months.
Eligible applicants are persons of legal age who live in Germany or Austria and have a regular income. Unemployed people, Good Finance recipients, start-ups, students, and housewives without regular income cannot apply for a loan.
Rather, they need a second co-applicant who must be eligible to apply and who must also meet the required creditworthiness criteria.
Which loans are brokered?
Good Credit provides installment loans up to $ 100,000 and so-called side loans (if a loan already exists) up to $ 50,000.
The loans are given for free use. Borrowers can do whatever they want with it. An interesting variant is that small loans from $ 200 are currently possible.
It is likely that the loans with the shortest terms of one or two months are called Payday Loans in America. Much longer terms should not make sense for loan amounts of $ 200 or $ 500.
Good Credit also helps senior citizens get cheap loans. Other financial service providers are doing the same, but often with age restrictions. The voucher credits are granted without any age restriction. The Swiss credit broker explicitly advertises to get loans “even in difficult times”.
This means loans despite the existence of existing debts and despite non-serious entries in the debtor register. Good Credit is still regarded as a specialist for loans with a poor credit rating.
If all credit efforts fail, there are still small loans without Credit Checker, also called Swiss loans. There is no information on the website about the exact terms of these loans.
However, one has to assume that these are the usual small loans in the amount of $ 3,500, 5,000 or 7,500, which are primarily offered by Sigma Bank on fixed terms (monthly installments, effective annual interest, term).
Swiss loans are only granted to employees who are in permanent employment. The loan can be paid out by post and installments can be paid by payment card or bank transfer. If these variants are chosen, the loan remains completely confidential.
Loans for the self-employed are also arranged
The exact requirements do not arise from online presence. Home purchase loans are available up to $ 300,000 even without equity and, according to the financial service provider, even with very poor Credit Checker. These are general-purpose loans that can be used in any way.
You require an existing owner-occupied property, or the loan must be used for a corresponding house purchase. Only employees and pensioners can apply for this special loan.
After all, Good Credit offers credit cards. It is a free Mastercard. A foreign assignment fee does not apply. The debit of the debit balance occurs monthly on the 20th of each month.
If the amount is not paid in full, the effective interest on the outstanding amount is 19.94% annually. The minimum partial amount is 3% or $ 30.
Last but not least, Good Credit offers loans at special rates from time to time. Most of the time, the special conditions are simplified acceptance conditions.